3203 Myles Court, San Jose, California 95117, San Jose, 95117 - bed, bath
ACTIVE UNDER CONTRACT$1,898,000
3203 Myles Court, San Jose, California 95117
0Bed
0Bath
3,546Sqft
6,720Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This fourplex offers multiple rental units (3-bed, 1-bed, two 2-bed units), providing diversified income streams for an investor.
Top Cons:
Restricted Access for Due Diligence: The instruction 'Do not enter property or contact tenants' severely limits a buyer's ability to conduct thorough inspections of the units and assess current tenant situations, which is crucial for an income property.
Compared to the nearby listings
Price:$1.90M vs avg $1.68M (+$223,000)86%
Size:3,546 sqft vs avg 2,880 sqft57%
Price/sqft:$535 vs avg $52057%
More Insights
This property has been on the market for 80 days.
Built in 1959 (66 years old).
Condition: Despite being built in 1959, the property has undergone significant and tasteful remodels in its kitchens and bathrooms, as confirmed by the listing description and images. The kitchens feature modern cabinets, updated countertops, and contemporary backsplashes, while the bathrooms boast new vanities, countertops, and updated tiling with glass shower enclosures. A new roof is also a major recent update. The flooring throughout is a mix of well-maintained hardwood/laminate and tile. While some appliances are white and not top-tier stainless steel, and some original architectural elements like wall paneling remain, the property is clearly move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1959
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$535
HOA
-
Days on market
80 Days
Sold On
2025-08-22
MLS number
ML82009601
Home ConditionGood
Features
View-
About this home
Fourplex with tastefully remodeled kitchens and bathrooms and new roof located in established, central, and sought-after San Jose Lynnhaven neighborhood. Unit 1 could be a lovely owner's unit with its 3 bedrooms and 1 bathroom all on one floor with large back yard. Unit 2 is a 1 bedroom 1 bath and Units 3 and 4 have 2 bedrooms 1 baths. Tenants benefit from close proximity to Santana Row, Valley Fair, Santa Clara Valley Medical Center, 280, 17, and San Tomas Expressway. Do not enter property or contact tenants. The next door 4-plex (3207 Myles Court) is also offered for-sale, and it is also priced at $1,898,000. Buy both for $3,796,000.
Nearby schools
5/10
Del Mar High School
Public,•9-12•1.5mi
Condition Rating
Good
Despite being built in 1959, the property has undergone significant and tasteful remodels in its kitchens and bathrooms, as confirmed by the listing description and images. The kitchens feature modern cabinets, updated countertops, and contemporary backsplashes, while the bathrooms boast new vanities, countertops, and updated tiling with glass shower enclosures. A new roof is also a major recent update. The flooring throughout is a mix of well-maintained hardwood/laminate and tile. While some appliances are white and not top-tier stainless steel, and some original architectural elements like wall paneling remain, the property is clearly move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Income-Generating Asset: This fourplex offers multiple rental units (3-bed, 1-bed, two 2-bed units), providing diversified income streams for an investor.
Recent Capital Improvements: The property boasts tastefully remodeled kitchens and bathrooms, along with a new roof, significantly reducing immediate capital expenditure for a new owner.
Prime Location: Located in an established, central, and sought-after San Jose Lynnhaven neighborhood with excellent proximity to major amenities like Santana Row, Valley Fair, Santa Clara Valley Medical Center, and key freeways (280, 17, San Tomas Expressway), ensuring strong tenant demand.
Owner-User Potential: Unit 1, with its 3 bedrooms, 1 bathroom, and large backyard, is highlighted as a potential owner's unit, offering flexibility for an owner-investor to live on-site.
Portfolio Expansion Opportunity: The availability of the adjacent fourplex (3207 Myles Court) for sale at the same price presents a unique opportunity for a buyer to acquire an 8-unit portfolio.
Cons
Restricted Access for Due Diligence: The instruction 'Do not enter property or contact tenants' severely limits a buyer's ability to conduct thorough inspections of the units and assess current tenant situations, which is crucial for an income property.
Lack of Financial Transparency: The listing does not provide current rent rolls, lease terms, or operating expenses, making it challenging for potential investors to accurately assess the property's financial performance and potential ROI.
Age of Property: Built in 1959, while kitchens, bathrooms, and the roof have been updated, other major systems (e.g., plumbing, electrical, foundation) may be original or older, potentially leading to unforeseen maintenance or capital expenditures in the future.